Listed at $675,000 this building was built in 1959, has a cap rate of 2.85% and an NOI of $19,227.

This 1,728 SF building was built in 1959 and is situated on a 7,623 SF lot. The property boasts a desirable unit mix of one (1) 2-bed/2-bath and a 2-bed/1-bath. The duplex also contains two parking spaces (1 carport), along with a long driveway for additional parking. This incredible location — walking distance from Alondra Park, Best Buy, and Walmart — coupled with the significant upside in market rent potential, make this a great investment opportunity!

Investment Highlights:

● 1,728 SF building situated on 7,623 SF of land
● Desirable unit mix of (1) 2-bed/2-bath & (1) 2-bed/1-bath
● 2 parking spaces (1 carport) & a long driveway for additional parking
● Amazing location blocks from Alondra Park, Best Buy, and Walmart
● Located in the up and coming city of Lawndale with great opportunity for expansion

County Overview:

The most heavily populated county in the country is Los Angeles County with approximately 9.9 million people, including about 1 million that live in unincorporated areas of the county. Los Angeles County is home to one of the most educated labor pools in the country and offers a labor force of more than 4.7 million, of which more than 1.5 million are college graduates. According to the United States Conference of Mayors, Los Angeles County boasts a GDP among the twenty largest in the world. Los Angeles County’s continued economic growth, in contrast to other areas of the state and nation, is due to its diversified economy and abundant, well-trained workforce.

Los Angeles County is well located on the Southern Coast of the California, and covers 4,061 square miles, including the San Clemente and Santa Catalina islands. The County is comprised of approximately 88 vibrant and diverse cities hosting more than 244,000 business establishments— the greatest concentration in the state. Los Angeles County has a Gross Domestic Product (GDP) of approximately $446 billion – placing it among the top 20 economies in the world. The combined GDP of Los Angeles and its five surrounding neighboring counties places it in the top 10. California is generally considered to be in the top five.

Over the years, Los Angeles County has developed a diverse economic base, supported by a number of Fortune 500 companies with headquarters in the area, including Hilton Hotels, Walt Disney, Occidental Petroleum, DirecTV Group, Northrop Grumman, and many more. Key factors positively impacting the region’s economic position include increased local media production by the entertainment industry and a continuing expansion of import flows. Los Angeles’ well educated labor pool, many universities, wonderful climate, and world class infrastructure will enable Greater Los Angeles to continue to be a world leader in economic and cultural significance.